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that the profit takers have gone. GLA
appears to have been to allow certain people the opportunity to buy more shares imo. I know there was a slight blip in trading but an 80% drop seems a bit forced if you ask me. Just my opinion but there has been lots of collecting, lumping up and selling in big lumps over the past few months and it feels a bit like theft of shares from smaller investors?? Opinions?
A lot more MM interest also looking at the number on the books. GLA, we've waited!
we will get lots of ii interest now after that statement. Probably see some rather large buys coming in. Mr Green may also bee adding at these prices imo.
EBITDA is essentially net income with interest, taxes, depreciation, and amortization added back to it, and can be used to analyze and compare profitability between companies and industries because it eliminates the effects of financing and accounting decisions. Profit, profit, profit! That's all you need to know! PE of about 16 now....as a growth stock we should see at least 30 as with BOO and ASOS being about 50.
I think the assessments of £3.30 a share could be justified. See how things go over the next few months.
Yes, it shows they have assessed the problems, stopped the rot and used promotional tools to limit the damage over the Christmas period. Excellent management and as I said a few times, what CEO chucks in £3million unless he knows things are going to improve. Very strong buy now the facts are out.
This is a good trading statement everybody, just what we needed.
From here we are profitable with strong growth and cash in the bank of £33million. What a great position to be in!!!
As a result of a focus on operational execution and the positive impact of the Group's expanded marketing programme, revenues accelerated in December. As a result, revenues for the first half of the financial year will be 8% up on the same period last year, an improvement on the growth rate announced on 15 December 2014 for the first five months of the financial year. MySale incurred a number of one-off investments in marketing and other product initiatives in the first five months of the financial year to stimulate revenue growth and enter new markets. As a result of these one-off investments, the Company incurred an EBITDA loss in the period. However, the Board anticipates that the EBITDA margin in the second half will be positive as the one-off marketing will not be repeated and management has taken steps to reduce general promotion and operating expenses.
sorry, had to do it. lol....shorts are going to get killed over the coming days!
statement that EBITDA will be positive 2nd half with less impairment in the first half. Reading the rns again, I am now super confident we will see a big rise back to previous highs by the Spring. This looks like it was just a small blip due to growing too fast and entering non-profitable markets.
If the stronger December trading and leaving loss making markets will see an increase in profits for the year. Possibly we will catch up a bit and make more profits this year.
This trading statement is showing that the December statement was not as bad as first thought. Strong revenue in December and now a positive focus on stronger markets going forward. Cash is same level as before and we will have positive EBITDA for 2nd half. I think the reasons for the fall are priced in and the positivity going forward should see a good recovery here.
Shutting down the US webstore - that's a brave decision that many would not have the nerve to do until too late. Given the strong performance in other areas it suggests that this is not a last ditch attempt to save a little cash, but rather quite a smart retrenchment following a period of rapid expansion. It makes sense to learn how to extract best value from the markets that you know before ploughing cash into ones you don't. The impatient will sell when they see the closing of some operations (what did they expect - ebay type revenues in a year ?) but the longer term investors will see that this is mature management and will outlast any temporary dip that occurs in the next few days.
Carl Jackson, Chief Executive commented: ''We had a challenging first half, brought on in part by our rapid expansion. Despite this our core business model remains sound and we have delivered strong growth in members which will contribute to the turnaround in financial performance in the second half. The Group is well insulated with a strong cash position and its low inventory business model where the vast majority of revenue is generated on a consignment basis.'' "Our focus in 2015 will be on excellent sourcing, flawless execution, cost discipline and continued member conversion to maximise our EBITDA performance. We continue to see substantial growth opportunities for the business, particularly in the high growth South- East Asian markets and also in the UK, where we now have almost 1.8 million members."
Excellent. 8% increase in revenue and strong December trading. Positive EBITDA for the second half. Focusing on growing markets as I expected and moving away from weaker markets. Looks like they have gotten a grip on the situation and are now moving forward. Cash balance has remained strong. All very positive moving forward.
if we get past 65 tomorrow we will be cooking on gas and like you say the £785000 buy @64 may do the trick, chart will start showing more confidence with a belter of a swing north towards 80 and help bringing back the old sellers waiting for a change in sp good news may be on the horizon?
That big buy. Let's hope we push past 65 tomorrow
flawless I agree this share will hit over 80 shortly we may need good new/results to swing hit to 120 but with a surge in internet buying time should see more gains to current sp I would back you on staying away from afren even though its low there's calculated high risk and pure gambling high risk
Someone getting confident. Possibly my Green on a buying spree? I would imagine he would want to average down at this price. Plus he knows what's going on behind the scenes. Very bullish here. I still think a rise to 120p or PE 30 is on the cards.
AFR is pure gambling mate.I bought in at 23p last week and sold at 29p a few days later but basically the company is broke and is likely to go bust if they don't get taken over. It's a 50/50 gamble so better odds than at the casino but not a long term play for me. I like MYSL at this level. Very good products, good market growth and CASH in the bank! All important at the moment...Retail stocks - especially discounters are the most likely to benefit from the oil price falls and low wage growth environment imo.